Global Markets, Trading Assistant
Company: Bank of America
Location: New York City
Posted on: April 1, 2026
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Job Description:
Job Description: At Bank of America, we are guided by a common
purpose to help make financial lives better through the power of
every connection. We do this by driving Responsible Growth and
delivering for our clients, teammates, communities and shareholders
every day. Being a Great Place to Work is core to how we drive
Responsible Growth. This includes our commitment to being an
inclusive workplace, attracting and developing exceptional talent,
supporting our teammates’ physical, emotional, and financial
wellness, recognizing and rewarding performance, and how we make an
impact in the communities we serve. Bank of America is committed to
an in-office culture with specific requirements for office-based
attendance and which allows for an appropriate level of flexibility
for our teammates and businesses based on role-specific
considerations. At Bank of America, you can build a successful
career with opportunities to learn, grow, and make an impact. Join
us! Trade Assistant Job Description: The Fixed Income, Currency and
Commodities (FICC) & Derivative Core Operations (FDCO) team perform
end to end trade control, confirmation and settlements processes
across FICC businesses and provides utility OTC derivative
confirmation and settlement services for non FICC businesses.
Within FDCO, the teams provide multiple services such as FICC trade
control, electronic matching and settlement, Over the Counter (OTC)
derivative confirmation and settlement, and commodities operations.
Trading Assistant and Control for the US Rates Options Desk
concentrating in vanilla interest rate products and Exotics
products. Supports sales and/or trading desks. Responsible for
trade capture and resolving trade discrepancies. Liaises between
trading, trade support, sales, counterparties, counterparty credit,
operations, and compliance. Participates in the introduction and
UAT of new initiatives, systems, and process improvements to
increase efficiency and enhance controls. Handles ad hoc requests
from clients and the desk. The associate will liaise extensively
with business partners ranging from Sales/Trading, Compliance,
Operations, Supervision, P&L Control, Finance and Market Risk
who are located across NY, Charlotte, Chester, U.K. and India. Key
Responsibilities: Support trade validation and capture, position
control and risk validation, process client allocations and
amendments, monitor trade clearing status and focus on meeting real
time reporting requirements. Thoroughly analyze and process End of
Day (EOD) New Business Reconciliation and tie out between the
bank’s system of record and trading desk blotter. Work with the
business on assessing the effectiveness of the support
infrastructure and suggest process improvements and automation
ideas. Manage ongoing trade maintenance while contributing to the
implementation of improvements to the system infrastructure and
control environment Focus on minimizing operational risk associated
with providing support services to the business – this includes
working closely with Operations Risk & Control partners on
maintaining a sustainable operational-event-free environment.
Analyze data and build reporting in order to highlight
opportunities for enhancing/improving existing processes and the
infrastructure/systems that support trading activity. Requirements:
Must have these skills to be minimally qualified: 3 years of
applicable Trading Assistant & Control experience in derivatives,
specifically USD IRS Swaps, at an investment firm or bank. Requires
product knowledge of financial instruments relevant to the area
supported and across related asset classes. Understanding in swaps,
futures, and treasury products and their respective trading/hedging
strategies and life-cycle events. Have thorough understanding of
Trade Capture, P&L, curve construction and risk. Team player
and multi-tasker. Ability to work with the Front Office and support
partners to address and resolve issues. Continuously maintain a
control function mindset. Extremely motivated and goal seeking with
ability to work in fast pace/pressure environment. Strong
problem-solving ability with willingness to grow his/her skills
dynamically. Takes initiative. Excellent verbal and written
communication/presentation skills. Demonstrates effective time
management and prioritization skills. Expert PC skills with high
proficiency using Excel. Minimum of Bachelor of Science Degree in
either of Finance, Mathematics, Accounting or Economics or
equivalent work experience. Shift: 1st shift (United States of
America) Hours Per Week: 40 Pay Transparency details US - NY - New
York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100) Pay and
benefits information Pay range $104,700.00 - $141,800.00 annualized
salary, offers to be determined based on experience, education and
skill set. Discretionary incentive eligible This role is eligible
to participate in the annual discretionary plan. Employees are
eligible for an annual discretionary award based on their overall
individual performance results and behaviors, the performance and
contributions of their line of business and/or group; and the
overall success of the Company. Benefits This role is currently
benefits eligible. We provide industry-leading benefits, access to
paid time off, resources and support to our employees so they can
make a genuine impact and contribute to the sustainable growth of
our business and the communities we serve.
Keywords: Bank of America, Mount Vernon , Global Markets, Trading Assistant, Accounting, Auditing , New York City, New York
